75 crypto exchanges have closed since the beginning of the year

According to Crypto Wisser, at least 75 cryptocurrency exchanges have ceased operations since the beginning of this year for various reasons..

According to the company’s list, five of them were fraudulent, four were closed due to hacking, two were decided by local authorities, and the rest were for other reasons. At the same time, 31 trading platforms stopped working of their own free will, and the remaining 35 suspended operations without explaining the reasons..

Experts attribute this rapid disappearance of dozens of exchanges to the rise of decentralized platforms and DeFi, which is why small projects fail. Another important factor is regulatory pressure. The continued interest from hackers also has a significant impact..

75 crypto exchanges have closed since the beginning of the year

However, in parallel with exchanges, altcoins and tokens are disappearing at the same rapid rate. More than 2,000 projects no longer exist, according to deadcoins.com.

text: Ivan Malichenko, photo: gtimg

75 crypto exchanges have closed since the beginning of the year

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